The Bill would also insert a new objects clause, a new paragraph in the simplified outline, and a number of new definitions in order to facilitate these changes.
The bill should be supported because it aligns with environmental goals by prohibiting new fossil fuel developments, thereby contributing to the reduction of greenhouse gas emissions. This approach supports a transition to cleaner energy sources, which is crucial for mitigating climate change [Judgment]. Moreover, it reflects democratic values by addressing public concerns about climate change and promoting sustainable energy policies that benefit future generations.
The bill should be opposed because it may limit Snowy Hydro's competitive advantage and strategic flexibility by restricting its ability to invest in potentially cost-effective fossil fuel-based projects. This could hinder economic growth and national energy security if renewable sources fail to meet demand [Judgment]. Additionally, it may impact existing property rights and investment plans made under the assumption of a balanced energy mix.
2021-05-13
Before Senate
WATERS, Sen Larissa
Unspecified
Climate Change / Environment, Energy Policy, Infrastructure